Risk Management by Wijaya Trading

One of the keys to success in learning forex trading is risk management. Traders can claim to have a powerful trading strategy or use reliable analysis, but it's useless if all of this is implemented without risk management. This is because without risk management, sooner or later trading traders will fail to achieve profitable results.

In the forex market there is no science that can 100% predict price movements correctly. As good as a system is, there must be a potential for prediction errors that can make a trader's trading position lose. Therefore, when learning forex trading, traders must familiarize themselves with good risk management settings.

The implementation and management of risk management is very important for traders. Because not a few traders have difficulty in the trading world because they are not able to apply risk management properly. This is the risk management commonly used by Wijaya Trading:

Recovery

Very fast price movements can cause large losses, therefore, immediate recovery is needed so as not to interfere with trading psychology. Recovery is a very important part of risk management to be mastered, without being able to master risk management or perform a good recovery, it will be very difficult to survive long in the trading world. Because by doing a recovery, traders can reduce losses and can maximize profits and at least for a return on investment. In the market no one can predict the price movement will go up or down. Therefore, traders must be able to recover when the market reverses so that there is no loss or loss in trading.

Watch the video below for more complete and detailed information!

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